Westwood Holdings Group Inc. Has $73.68 Million Stock Position in Plymouth Industrial REIT (NYSE:PLYM)

Westwood Holdings Group Inc. boosted its holdings in shares of Plymouth Industrial REIT (NYSE:PLYM - Free Report) by 24.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,520,361 shares of the company's stock after buying an additional 889,250 shares during the period. Westwood Holdings Group Inc. owned approximately 9.92% of Plymouth Industrial REIT worth $73,682,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC increased its position in Plymouth Industrial REIT by 6,862.5% in the 1st quarter. GAMMA Investing LLC now owns 3,342 shares of the company's stock worth $54,000 after purchasing an additional 3,294 shares during the last quarter. Legal & General Group Plc increased its position in Plymouth Industrial REIT by 17.3% in the 4th quarter. Legal & General Group Plc now owns 41,472 shares of the company's stock worth $738,000 after purchasing an additional 6,119 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in Plymouth Industrial REIT in the 1st quarter worth about $408,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Plymouth Industrial REIT by 3.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,822 shares of the company's stock worth $406,000 after purchasing an additional 817 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Plymouth Industrial REIT by 4.0% in the 4th quarter. Bank of America Corp DE now owns 139,150 shares of the company's stock worth $2,477,000 after purchasing an additional 5,359 shares during the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on PLYM shares. Wedbush raised Plymouth Industrial REIT to a "hold" rating in a research report on Wednesday, July 2nd. Wall Street Zen lowered Plymouth Industrial REIT from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Robert W. Baird lowered their price objective on Plymouth Industrial REIT from $20.00 to $19.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. Finally, KeyCorp lowered their price objective on Plymouth Industrial REIT from $23.00 to $18.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Plymouth Industrial REIT has a consensus rating of "Hold" and an average target price of $20.44.

Plymouth Industrial REIT Price Performance

Shares of NYSE:PLYM opened at $14.56 on Wednesday. The business has a 50 day moving average price of $15.95 and a 200 day moving average price of $16.02. Plymouth Industrial REIT has a twelve month low of $12.70 and a twelve month high of $24.70. The company has a market cap of $663.07 million, a price-to-earnings ratio of 4.77 and a beta of 1.11. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 1.08.

Plymouth Industrial REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were paid a dividend of $0.24 per share. The ex-dividend date was Monday, June 30th. This represents a $0.96 annualized dividend and a yield of 6.6%. Plymouth Industrial REIT's dividend payout ratio is presently 31.48%.

Plymouth Industrial REIT Profile

Plymouth Industrial REIT, Inc NYSE: PLYM is a full service, vertically integrated real estate investment company focused on the acquisition, ownership and management of single and multi-tenant industrial properties. Our mission is to provide tenants with cost effective space that is functional, flexible and safe.

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